Investing in Casino tokens such as BFG, OWL or TFS

[stomachgrowls]

~
These coins might be popular but I still prefer well-established altcoins over them.

What is your definition for a well established altcoin? Working product that gaining profit right? What exactly is difference between this gambling tokens that has already a utility on there working product casino to other established altcoins?

It's quite simple. Well established altcoins are usually measured by their marketcap/popularity and their longevity. It can be compared to a product that has established its own brand over the years and survived multiple challenges. Compared to most top 10 coins/tokens, these casino tokens are still too small in terms of trade volume or just too young in terms of longevity.

BFG - launched 2020
OWL - launched 2021

However, these tokens have a specific purpose.  They are used in specific casinos.  And very many altcoins, by and large, it is not at all clear why they are needed?  Well, of course, if you do not take into account the obvious desire of the devs who organized them to get rich at the first possible pump.  Turning them into bitcoin ethereum.  Yes, how many of these coins have we all already observed and how they turn into a scam together.

Compared to BFG, such altcoins are generally simply useless and can only be played in the development of new wallets and exchanges.  Nobody needs them anymore.

If we do try to look on overall utility of these gambling-based tokens then i dont really see for it to be needed but rather just an another money-grab by the team.Why the heck they would be creating it out for what? Functionality or usage on the site itself? We do have bitcoin and other top ranking coins listed or option so it is really just understandable that it wont really be getting much attention
for people on making use or buying those coins for the benefit on using it into its dedicated platform.As long it wont really be seen on other places then dont expect for such improvement
or popularity to risen up.Their prices is almost into the floor comparing into its previous ATH and i dont see the point nor being worth for people to make out some investment
with these gambling based tokens/coins.

[danadc]

It seems very good to invest in this type of tokens, I do not know if the market continues to move in the same way as in 2017, but at that time the tokens were bought and put in Hodl mode, and I saw how many won when Bitcoin was increasing, All the Altcoins that were bought were a safe victory, and that is something that can be repeated, it can be a bit different, but the concept is the same, I see that it is not a bad idea of investing in those chips. All this is taken the corresponding risks, if I buy and go down price, it is one of the things that are more likely and if it happens the healthiest it is to wait until they recover and not get the money, the investment would not make sense.

[OgNasty]

I just have some trouble understanding the need for casino tokens.  It seems like adding an extra layer of risk to an already risky environment.  Maybe they're hoping that people will buy in and raise the token value so that winners get even more winnings?  The risk being that if the token value falls that they would win less.  I assume the casino's control most of it and would be able to easily manipulate the price, so this appears to be another method of control where the casinos can set how much it's users are winning or losing by controlling the token's price.  It could be a useful thing, but it seems a little too Luna like for my taste.

[serjent05]

I don't like buying casino tokens because it is subject to manipulation.  I'd rather get into the chipsgg token scheme where  Casino 's approach is rewarding token for every x amount of bet.  In chips.gg, they don't sell token but reward them to their player.  They do have a staking program of the earned token giving the stakes a dividend from the daily earnings of the Casino according to the percentage of their holdings from the total staked token.  It wasn't selling at any exchanges but due to its staking program it does gives earnings to holders.

[X-ray]

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

Gamblers didn't even care with the bearish market. The price of some gambling tokens can still remain stable compared with the price of majority of tokens in the market. This caused by the gambling platforms have active users. These users are actively using the gambling tokens to bet. Remember some gambling tokens were also offering staking program for their tokens which is good for the gamblers to earn passive income from their gambling tokens as well.

[Bttzed03]

~
These coins might be popular but I still prefer well-established altcoins over them.

What is your definition for a well established altcoin? Working product that gaining profit right? What exactly is difference between this gambling tokens that has already a utility on there working product casino to other established altcoins?

It's quite simple. Well established altcoins are usually measured by their marketcap/popularity and their longevity. It can be compared to a product that has established its own brand over the years and survived multiple challenges. Compared to most top 10 coins/tokens, these casino tokens are still too small in terms of trade volume or just too young in terms of longevity.

BFG - launched 2020
OWL - launched 2021

However, these tokens have a specific purpose.  They are used in specific casinos.  And very many altcoins, by and large, it is not at all clear why they are needed?  Well, of course, if you do not take into account the obvious desire of the devs who organized them to get rich at the first possible pump.  Turning them into bitcoin ethereum.  Yes, how many of these coins have we all already observed and how they turn into a scam together.

Compared to BFG, such altcoins are generally simply useless and can only be played in the development of new wallets and exchanges.  Nobody needs them anymore.

I was talking about top 10/more established alts and not some shit tokens. Name me one of top tokens/coins that you you think has no clear utility. When talking about money grabs, these casinos do not really need to build their own token to operate. They can just use other more established coins for rewarding gamblers or for their staking features.

[uneng]

If we do try to look on overall utility of these gambling-based tokens then i dont really see for it to be needed but rather just an another money-grab by the team.Why the heck they would be creating it out for what? Functionality or usage on the site itself? We do have bitcoin and other top ranking coins listed or option so it is really just understandable that it wont really be getting much attention
for people on making use or buying those coins for the benefit on using it into its dedicated platform.As long it wont really be seen on other places then dont expect for such improvement
or popularity to risen up.Their prices is almost into the floor comparing into its previous ATH and i dont see the point nor being worth for people to make out some investment
with these gambling based tokens/coins.

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

[erep]

I was talking about top 10/more established alts and not some shit tokens. Name me one of top tokens/coins that you you think has no clear utility. When talking about money grabs, these casinos do not really need to build their own token to operate. They can just use other more established coins for rewarding gamblers or for their staking features.

We can analyze their use cases in the ecosystem, all casino coins have limited utility to use on the platform, even rewards are given to gamblers for top coins or stable coins. Based on the reference from CMC, the top gambling altcoin is FUNToken Rank #273 but the trading volume is still low compared to other altcoins.

[smartaction]

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

Gamblers didn't even care with the bearish market. The price of some gambling tokens can still remain stable compared with the price of majority of tokens in the market. This caused by the gambling platforms have active users. These users are actively using the gambling tokens to bet. Remember some gambling tokens were also offering staking program for their tokens which is good for the gamblers to earn passive income from their gambling tokens as well.

It is wrong. Gamblers don't gamble using platform tokens. only few gamblers using token. And all gamblers use coins like bitcoin, usdt, bnb etc. However, must of the people buys gambling platform tokens, either for staking or holding. And such incidents happen more often.

[topman21]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

I have invested BFG and OWL among casino platform tokens and staking on their platform.I just staking this coin BFG. I am profiting daily from BFG platform.I am being given bitcoin, ethereum, bnb, usdt trx etc as profit daily.The platform is a very powerful casino platform. They have far-reaching plans for the future.The team is working with great integrity. I wish them all the best from my side.

[Fredomago]

If we do try to look on overall utility of these gambling-based tokens then i dont really see for it to be needed but rather just an another money-grab by the team.Why the heck they would be creating it out for what? Functionality or usage on the site itself? We do have bitcoin and other top ranking coins listed or option so it is really just understandable that it wont really be getting much attention
for people on making use or buying those coins for the benefit on using it into its dedicated platform.As long it wont really be seen on other places then dont expect for such improvement
or popularity to risen up.Their prices is almost into the floor comparing into its previous ATH and i dont see the point nor being worth for people to make out some investment
with these gambling based tokens/coins.

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

If you do your research and you the future good potential the chance to grow your investment will happen, there are other available token or casino tokens that you can invest, but doing your DYOR is very important it can bring passive benefits and while waiting for the coin to rise you are already earning by staking from those coins.

Always depends on how you take and from how you see the possibilities in selecting your chosen assets.

[iv4n]

I don't like buying casino tokens because it is subject to manipulation.  I'd rather get into the chipsgg token scheme where  Casino 's approach is rewarding token for every x amount of bet.  In chips.gg, they don't sell token but reward them to their player.  They do have a staking program of the earned token giving the stakes a dividend from the daily earnings of the Casino according to the percentage of their holdings from the total staked token.  It wasn't selling at any exchanges but due to its staking program it does gives earnings to holders.

What are you talking about?! You get BFG by playing at Betfury, you get OWL by playing at OWL casino... Yes, Chips tokens can only be staked, but with Betfury and OWL other than staking you can decide to sell them and you can do it! While with Chips tokens you are limited...

It's nice to see people commenting without checking the thread and previous comments!

[TimeTeller]

I don't like buying casino tokens because it is subject to manipulation.  I'd rather get into the chipsgg token scheme where  Casino 's approach is rewarding token for every x amount of bet.  In chips.gg, they don't sell token but reward them to their player.  They do have a staking program of the earned token giving the stakes a dividend from the daily earnings of the Casino according to the percentage of their holdings from the total staked token.  It wasn't selling at any exchanges but due to its staking program it does gives earnings to holders.

What are you talking about?! You get BFG by playing at Betfury, you get OWL by playing at OWL casino... Yes, Chips tokens can only be staked, but with Betfury and OWL other than staking you can decide to sell them and you can do it! While with Chips tokens you are limited...

It's nice to see people commenting without checking the thread and previous comments!

I think, it all boils down to the preference of the player, and where he wants to really play with.
Some would want to get BFG because they can sell it outside the casino, whereas,
some would prefer to get the Chips token because they are loyal player of the casino.
I do agree that you can get BFG or OWL, not only buying it, but earning it via playing with the casino.
At the end of the day, it depends on the player where he really want to play with, sometimes it is not about the casino token anymore.

[babygun]

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

I also invested in FUN tokens as the premium membership is interesting and with all the benefits that you get (WOF spins, extra interest on your BTC, cashback, ...), the ROI is rather short (around 1 year; depending on your luck also).

[mak013]

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

I also invested in FUN tokens as the premium membership is interesting and with all the benefits that you get (WOF spins, extra interest on your BTC, cashback, ...), the ROI is rather short (around 1 year; depending on your luck also).

1 year ROI is short for cryptocurrency investing but the main problem that in cryptocurrencies you can`t be sure that the price will be stable. If it dumps - the ROI becomes 5/10/20/100 years. And the second problem that such tokens were made for nothing. If BTC or ETH for example grows up when the pump is coming, such tokens continue cost nothing.

[delfastTions]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

I have invested BFG and OWL among casino platform tokens and staking on their platform.I just staking this coin BFG. I am profiting daily from BFG platform.I am being given bitcoin, ethereum, bnb, usdt trx etc as profit daily.The platform is a very powerful casino platform. They have far-reaching plans for the future.The team is working with great integrity. I wish them all the best from my side.

I also think that devs know their business well and also what useful functions their tokens perform.  I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions,  which were released by all and sundry in 2017-18 at the ICO.  Here the situation is completely different.

[Wexnident]

I have invested BFG and OWL among casino platform tokens and staking on their platform.I just staking this coin BFG. I am profiting daily from BFG platform.I am being given bitcoin, ethereum, bnb, usdt trx etc as profit daily.The platform is a very powerful casino platform. They have far-reaching plans for the future.The team is working with great integrity. I wish them all the best from my side.

I also think that devs know their business well and also what useful functions their tokens perform.  I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions,  which were released by all and sundry in 2017-18 at the ICO.  Here the situation is completely different.

Well in the end it's reliant on the casino itself, and if not managed properly it'll just end up as a token or coin that is oversupplied with no real/proper use as a token that would improve the experience that they get in casinos, like how VIP rewards and the like give to them. In that aspect, the usage of NFT such as in rollbit casinos which give out various benefits depending on what it is was a pretty good idea when they wanted to integrate it to their casino users as another alternative from their VIP aspects.

[AbuBhakar]

I also think that devs know their business well and also what useful functions their tokens perform.  I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions,  which were released by all and sundry in 2017-18 at the ICO.  Here the situation is completely different.

Correct, Casino startup nowadays invest huge funds on there casino product before they launch there tokens to the public. Most of them has a gambling license and working casino with real players unlike startup casino before that building from scratch using the funds from ICO sales which already proven that is not feasible at all because al of them died in the process die to limited funds.

[darkangel11]

OWL is actually down. You need to get your perspective fixed guys
It did not lose a lot of value in the last 6 months because it was already down from its high in November 2021, where it was trading for 0,5 USD and in December it was back to 0,17 USD. That's more than 60% loss in value and it continued to go down because now it's 0,11 USD so it's down almost 75% from its high and that's more than Bitcoin. Saying that it's a better investment in these hard times and that it's being stable is far from the truth.

It went down from $0.50 to $0.17 at times when Bitcoin wasn't falling that much, right?

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

[erep]

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

OWL only increases +2% when Bitcoin market recovery reaches +10%, if it affects market support then OWL will increase high, but OWL drops 60% when bitcoin only drops 15%, should not be affected from the market because there is no pair to BTC so the price OWL remains stable. However, holding gambling altcoins is very risky and does not guarantee long-term investment.